Neo-Economic Doctrine of Innovative Economic Transformation: Digital, Creative, and Socio-Ethical Aspects of Business
Abstract
Abstract. The global economy is dynamically evolving in the testing of digital tools for creating added value and maximizing profits. The new economic reality - neo-economics - involves a global reformatting of labor and capital markets and people's consciousness. Its philosophy includes digital innovations as a development tool, creativity as an economic force, ethics as a business norm, and sustainable development as the basis for the future. Changes encourage the concentration of scientific research on the issue of adaptation to new conditions. The research aimed to study the theoretical aspects of the formation of the doctrine of the concept of neo-economy as a systemic phenomenon and the ethics of its economic development. This requires understanding the paradigm of change (through the prism of digital, creative, and socio-ethical factors) and strengthening the dialogue on the concept of coexistence of market actors in the new digital reality. To achieve this goal, the following general scientific methods were used: analysis, synthesis, systematization, theoretical generalization, abstraction and analogy, induction, and forecasting. Results. The evolution of economic thought is studied. The need to find compromises in building a harmonious combination between economic growth and social values in the new reality is emphasized. The importance of human potential in the system of creative solutions of the global neo-economy and the need to develop levers to protect its ethical norms are revealed. The study's practical significance lies in the fact that it focuses society's attention on the issues of fundamental economic challenges (ethical, digital) and the search for ways to solve them.
A new vision of humanity's role in the neo-economy paradigm is formulated. The definition of the concept of “neo-economy” based on the use of the creative component of human potential and the results of innovative activities (new technologies, innovations, information, knowledge) was suggested by the author. It is proposed to involve the broadest possible range of participants, namely “consumer-company-product-society-state,” in implementing new economic solutions to avoid social conflicts and build a humane symbiosis. The main conclusions can be used. The necessity of forming unified mechanisms for safeguarding ethical standards is substantiated. The need to expand the public dialogue of change is emphasized.
Downloads
References
Baker, D., Jayadev, A., Stiglitz, J. (2017). Innovation, intellectual property, and development: A better set of approaches for the 21st century. URL:http:.cepr.net/images/stories/reports/baker-jayadev-stiglitz-innovation-ip-development-2017-07.
Cabinet of Ministers of Ukraine (2021). Digital Strategy of Ukraine – 2030. https://www.kmu.gov.ua. [in Ukranian]
Chesterman, S. (2025). Silicon Sovereigns: Artificial Intelligence, International Law, and the Tech-Industrial Complex. arXiv preprint, arXiv:2505.05506.
Dankevych A. (2008). Methodological foundations of the development of budgeting in agriculture. Economics of the Agricultural Complex, 6, 64–69. . [in Ukranian]
Dankevych A. (2004). Problems and prospects of the development of leased land relations in agriculture Land Management and Cadastre. № 1-2. Pр.88-92.
Denysiuk, O., Svitlyshyn, I., Tsaruk, І., Vikarchuk, О., Dankevych, А. (2022). Diversification in the enterprises’ activities for sustainable development in the agricultural sector. Rivista di studi sulla sostenibilita, 85-102. https://doi.org/10.3280/RISS2022-002007
Nitsenko, V., Dankevych, A., Dzoba, O., Ustenko, A., Bashynska, Y. (2024) Ethical and social incentives for the transformation of the enterprise management business model in sustainable development conditions. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 4, 172-179. https://doi.org/10.33271/nvngu/2024-4/172.
Feldstein, S. (2023). 5G: From digital democracy to digital repression. Ukrinform. https://www.ukrinform.ua/rubric-world/3298309-5g-vid-cifrovoi-demokratii-do-cifrovih-represij.html. [in Ukranian]
Hinton, G. (2023). The dangers of artificial intelligence: A conversation with Geoffrey Hinton. The New York Times. https://www.nytimes.com/2023/05/01/technology/geoffrey-hinton-ai-dangers-interview.html
Karp, A., Zamiska, N. (2025). The Technological Republic: Hard Power, Soft Belief and the Future of the West. Crown Currency. ISBN: 978-0593798690
Lee, K.-F. (2021). AI 2041: Ten Visions for Our Future. WH Allen. ISBN: 978-075-3559-02-4
Katja Grace et al. (2019). Forecasting Transformative AI: An Expert Survey. ArXiv. https://arxiv.org/abs/1901.08579.
Kovalchuk, S., Morokhova, V., Bondarenko, O., Liu, J. (2024). Creative Economy and Value Creation through Marketing Analytics: New Approaches and Opportunities. Pak. j. life soc. Sci., 22(2), 9812–9824. https://doi.org/10.57239/PJLSS-2024-22.2.00741.
Malthus, T. R. (1798). An Essay on the Principle of Population. https://www.gutenberg.org/ebooks/4239.
Meyer-Schönberger, W., Cookier, C. (2013). Big Data: The revolution that is transforming the way we live, work, and think. Boston: Houghton Mifflin Harcourt. ISBN: 978-0544002692.
Modern trends in digital transformation of marketing & management: collective monograph (2023).; ed. by O. Chukurna, V. Zamlynskyi. Košice: Vysoká škola bezpečnostného manažérstva v Košiciach. 604 p.
Parker, D., Van Alstyne, M., Chowdary, S. (2016). The platform revolution: How networked markets are transforming the economy and how to make them work for you. New York: W.W. Norton & Company. ISBN: 978-0393249132.
PEN America (2023). Report on digital colonialism and uncontrolled corporations. Ukrainian Week. https://tyzhden.ua/zvit-pen-america-novi-nazvy-dlia-tsenzury-tsyfrovyj-kolonializm-i-nekontrolovani-korporatsii/. . [in Ukranian]
Perevozova, I., Nitsenko, V., Lozinska, L., Nemish, Y. Dankevych, A. (2023). Effectiveness of Bioenergy Management and Investment Potential in Agriculture: The Case of Ukraine. In: Koval, V., Olczak, P. (eds) Circular Economy for Renewable Energy. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-031-30800-0_6.
Saxena, A. (2022). Artificial Intelligence for Societal Development and Global Well-Being. London: Springer.
Schwab K. (2016). The Fourth Industrial Revolution. Geneva: World Economic Forum. 184 p.
Srivastava, S., & Bullock, J. (2024). AI, Global Governance, and Digital Sovereignty. arXiv preprint arXiv:2410.17481.
Stoyanova-Koval, S., Polova, O., Los, Z., Burdeina, N., & Kazak, O., Dankevych, A. (2024). State of economic security and directions of restoration of socio-economic development and food security in war conditions. Financial and Credit Activity Problems of Theory and Practice, 2(55), 441–460. https://doi.org/10.55643/fcaptp.2.55.2024.4170. [in Ukranian]
Tegmark, M.. (2017). Life 3.0: Being Human in the Age of Artificial Intelligence. New York: Alfred A. Knopf. ISBN: 978-1101946596.
Copyright (c) 2025 FINANCIAL AND CREDIT SYSTEMS: PROSPECTS FOR DEVELOPMENT

This work is licensed under a Creative Commons Attribution 4.0 International License.